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HP Inc. Message Board

  • unclefulbert unclefulbert Dec 7, 2012 2:17 PM Flag

    HPer's wish they got ibm's 401K plan

    Understand that Hurd had keeled 401K contribution all together:

    IBM Draws Flak for Change to 401(k) Plan
    By Sarah Frier - Dec 7, 2012 9:08 AM PT

    International Business Machines Corp. (IBM), the largest computer-services provider, drew fire from a worker organization for a change to its 401(k) retirement plan that cuts the frequency of company contributions to once a year.

    The company will switch from matching employee contributions to their 401(k) plans twice a month to every Dec. 15, a move that “shortchanges IBM employees,” Alliance@IBM said on its website. While the amount that employees receive isn’t changing, workers who leave or are fired before Dec. 15 won’t get their payment for the year.

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